Pakistan’s merchandise exports declined during fiscal year (FY) 2025-26, while rising imports pushed the country’s trade deficit sharply higher, according to provisional data released by the Pakistan Bureau of Statistics (PBS).
Pakistan’s total merchandise exports stood at USD 30.13 billion during the July 2025–June 2026 fiscal year, marking a 5.97% decline from USD 32.04 billion recorded in the previous fiscal year. Meanwhile, merchandise imports increased 7.89% year-on-year to USD 69.60 billion, compared with USD 64.51 billion in FY2024-25.
As a result, the country’s merchandise trade deficit widened to USD 39.47 billion, an increase of 21.57% from USD 32.47 billion a year earlier, reflecting growing pressure on Pakistan’s external trade balance.
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The monthly trade figures also pointed to a significant deterioration in June. Merchandise exports fell to USD 2.24 billion, down 9.61% from June 2025, while imports surged 26.27% year-on-year to USD 6.77 billion. Consequently, the monthly trade deficit expanded 57.11% to USD 4.53 billion.
Compared with May 2026, exports declined 16.73%, while imports rose 24.07%, causing the monthly trade deficit to widen 63.76%.
The Pakistan Bureau of Statistics noted that the June 2026 trade figures are provisional, as the Document Receipt System (DRS) data from the Federal Board of Revenue (FBR) had not yet been received at the time of publication. The statistics will be updated once the remaining customs data becomes available.
The latest figures indicate that despite continued import demand, Pakistan’s export sector remained under pressure throughout FY2025-26, contributing to a wider merchandise trade gap and underscoring the need to strengthen export competitiveness and diversify foreign exchange earnings